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CENTURY 21 Insight Realty Ltd. - Blog

In March, although home sales were down slightly in both Regina and Saskatoon the average selling price increased by 10% in Regina to $275,431, and increased by 4% in Saskatoon to $294,025. Activity is picking up which is typical for the late winter-early spring market, Job and population growth continue to buoy the market as we enter the second quarter of the year when the weather ...

Last week, Finance Minister Jim Flaherty announced changes to the rules of government-backed insured mortgages. These rules were designed to ensure that homeowners don't risk their financial security by buying more than they can afford.
The new mortgage rules come into effect on March 18:
Mortgage amortization periods will be reduced from 35 years to 30 years. This means, ...

In a survey released yesterday, Canada Mortgage and Housing Corporation (CMHC) states that both Regina and Saskatoon saw an increase in housing starts. The multi-family unit production compensated for the slower pace of single-detached homes.
Regina:
There was a total of 95 housing starts in October.
59 single detached home starts, down 18% from October 2009
36 multi-family ...

In Alberta, there’s a buyers’ market; in Manitoba, there’s a sellers’ market. Here in Saskatchewan, the market is balanced, with resale housing prices that haven’t contracted (as in Alberta), but are expected to increase to a projected 2010 average MLS sales price of $239,250.
While Saskatchewan’s housing sector isn’t expected to experience the record breaking ...

Canada Mortgage and Housing Corp. (CMHC) released a report showing that homebuilders had a busy July in Saskatoon and Regina.
Year to date, Regina has seen an increase of 61.6% in housing starts.
Saskatoon reported 978 housing starts compared to 446 during the first seven months last year. This area has seen some severe weather this summer which has been challenging for ...

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